Below you will find the articles on economics, investing, and finance that we found most interesting for the week.
NB: ($) denotes subscription site.
Ben Bernanke refutes the argument for secular stagnation and suggests that global investment will bail us out.
Ben Bernanke’s Blog via Brookings Institution
Andy Kessler says the glory days of private equity are behind it. Why? Too many funds, chasing too few deals.
Article via Wall Street Journal ($)
Martin Feldstein says the Fed needs to raise rates now to avoid financial instability. Since he was on the board of directors at AIG when it blew up, he has practical experience with the perils of financial instability which is something few on the Fed have.
Article via Wall Street Journal ($)
“Informal” earnings opportunities could help to explain why wages aren’t picking up despite dramatic improvement in the unemployment rate. There’s slack out there folks, but our statistics aren’t capturing it with 26% of those “out of the workforce” actually working informally.
There is a lot of interest in Mexico’s oil auction, despite low oil prices.
Article via Wall Street Journal ($)
Is Brazil going to hell in a handbasket?
